SoSo Daily Dec 12 | Ethereum Spot ETFs See $102 Million Net Inflow on December 11, Led by BlackRock's ETHA

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on December 12, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.84 trillion US dollars, witnessing an increase of 4.18% compared to yesterday; the total trading volume is 311.65 billion US dollars, marking a decline of 21.2% from the previous day.

According to sosovalue, the price of $BTC is 100,650 USD, an increase of 3.3% from yesterday. The market cap of $BTC is 1.99 trillion USD, accounting for 51.9% of the total market cap; $BTC's 24-hour trading volume is 107.15 billion USD, making up 34.4% of the total trading volume.
The price of $ETH is 3,926.9 USD, up 7.45% from yesterday; the market cap of $ETH is 472.98 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 37.10 billion USD, comprising 11.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 64.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 46.3% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Last Memories (GEEK). As of 05:50 today, its market cap is 0E-8, with a coin price of 0.0045100 USD, witnessing a 24-hour increase of 110%.
The second is Undead Blocks (UNDEAD). As of 05:50 today, its coin price is 0.0034000 USD, with a 24-hour increase of 68.3%.
The third is Luna by Virtuals (LUNA). As of 05:50 today, its coin price is 0.072288 USD, showing a 24-hour increase of 68%.
In fourth place is Mobius (MOBI). As of 05:50 today, its coin price is 0.0087250 USD, with a 24-hour rise of 63.6%.
In fifth place is Kasta (KASTA). As of 05:50 today, its coin price is 0.050501 USD, increasing by 57.3% over the last 24 hours.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
Next news:According to reports, Binance Labs has announced an investment in Quine Co., the core development team behind Perena, which is the first stablecoin infrastructure protocol on Solana. Perena aims to eliminate the fragmentation of the stablecoin ecosystem and decentralize issuance risk. Platform users can mint stablecoins, earn returns on tokenized real-world assets (RWA), and customize risk-return configurations through a tiered collateralized debt position (CDP) system. Recently, Perena launched Numéraire, a multi-token weighted scalable stablecoin trading protocol that does not require actively centralized liquidity market-making (CLMM), reducing the capital requirements for new stablecoin issuance.
Next news:Wu has learned that Coinbase has added Peanut the Squirrel (PNUT) to its listing roadmap, and this token is based on the Solana network.
Next news:

According to Bitcoinist, Alabama State Auditor Andrew Sorrell has publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR). Sorrell emphasized the value of digital assets in expanding the national investment portfolio: as of now, cryptocurrency is a $3 trillion asset class, while the nation's investment in cryptocurrency is zero. It is also the fastest-growing asset class with the greatest price appreciation potential. Furthermore, he stated that the establishment of the SBR has three main objectives: portfolio diversification, cryptocurrency-friendly positioning, and safeguarding against currency-related risks. What would happen if the inflation rate reached 8% again? The value of Bitcoin is not affected by the movements of the dollar; it would strengthen our country's balance sheet and could be used as collateral for future debt issuance.

Next news:According to Wu, Bloomberg ETF analyst James Seyffart stated that MicroStrategy's position in the NASDAQ 100 may depend on its ICB classification. The company is currently classified as a technology stock, but its Bitcoin-related business has become dominant. If the ICB reclassifies it as a financial stock, MicroStrategy may be removed from the NASDAQ 100 on March 21, 2025, with the review process set to begin on January 31. The ICB classification is based on the source of a company's revenue, and Coinbase failed to be included in the NASDAQ 100 due to being classified as a financial stock. MicroStrategy Chairman Michael Saylor stated that the company's goal is to become a Bitcoin bank.
Next news:Bitcoin breaks above 99,000 USDT
Next news:

According to Wu Shuo, as reported by CryptoSlate, court documents dated December 10 show that FTX debtors successfully recovered approximately $14.50 million in November through small claims settlements, primarily from political donations. The recovered funds include $6 million from the House Majority Political Action Committee and $3 million from the Senate Majority Political Action Committee. Additionally, organizations such as Forward Action Fund, Mind the Gap, and the American Road People Organization also refunded over $1 million each.

Next news:According to Wu's report, based on SoSoValue data, the total net inflow of Bitcoin spot ETFs yesterday (Eastern Time December 10) was $440 million. The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, which had a single-day net inflow of $296 million, bringing its historical total net inflow to $35.06 billion; following that was Fidelity's ETF FBTC, with a single-day net inflow of $210 million, and its historical total net inflow currently stands at $12.10 billion.
Next news:Commonware, founded by former Ava Labs executive Patrick O’Grady, has raised $9 million in a funding round co-led by Haun Ventures and Dragonfly Capital. The startup aims to provide blockchain developers with an 'anti-framework' that offers customizable building blocks for creating bespoke blockchain networks. This approach seeks to move beyond traditional, standardized software kits, allowing developers to avoid limitations imposed by existing frameworks. Commonware's tools, such as Simplex Consensus, are designed to be flexible and interchangeable, enhancing the developer experience and potentially improving user outcomes. The company plans to onboard teams to utilize its tools across various security assumptions.
Next news:Balancer V3 has been launched, in partnership with Aave to introduce Boosted Pools. Balancer V3 aims to optimize liquidity, provide new developer tools, and drive trading volume growth. Through its collaboration with Aave, Balancer V3 introduces 100% Boosted Pools that combine its automated market maker technology with Aave's yield market infrastructure. Aave is the main partner for this upgrade, with additional partners joining in due course. This integration allows pools to merge the yields from the exchange and lending markets into an efficient position. Boosted Pools offer a passive liquidity solution, allowing liquidity providers to optimize returns without active management. Balancer V3 also introduces custom pool types and a Hooks Framework to accelerate the building of AMMs and expand the capabilities of existing pools. Balancer V3 has attracted interest from DeFi protocols including Gyroscope and QuantAMM.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.